Mainstream steel companies enter the market, with most holding a wait-and-see attitude [SMM Manganese-Silicon Futures Review]

Published: Jun 12, 2025 16:34

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[SMM Ferrosilicon-Manganese Futures Review: Mainstream Steel Tenders Enter the Market, Wait-and-See Sentiment Prevails] The SM2509 contract opened at 5,474 yuan/mt, fluctuated downward after the morning session, and eventually closed at 5,426 yuan/mt, down 1.70%. The daily high was 5,492 yuan/mt, and the low was 5,418 yuan/mt. Trading volume was 203,695 lots, and open interest was 460,268. On the raw material side, miners' quotes fluctuated relatively small, and spot prices remained stable. On the spot side, SiMn plants continued to hold back from selling, with mainstream steel tenders entering the market. The market was dominated by wait-and-see sentiment, as participants awaited the inquiry situation of mainstream steel tenders.

June 12 news: The SM2509 contract opened at 5,474 yuan/mt, fluctuated downward after the morning session, and finally closed at 5,426 yuan/mt, down 1.70%. The daily high was 5,492 yuan/mt, and the low was 5,418 yuan/mt. Trading volume was 203,695 lots, and open interest was 460,268. On the raw material side, miners' quotations fluctuated relatively small, and spot prices remained stable for the time being. On the spot side, SiMn producers continued to hold back from selling, with mainstream steel tenders entering the market. The market maintained a wait-and-see sentiment, awaiting the inquiry situation of mainstream steel tenders.

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